Bethesda is specialized in the design, manufacture and marketing of aeronautical, submarine and space systems. Net sales break down by activity as follows: - sale of aeronautical systems (40.7%); - sale of electronic and tactical submarine systems (24%); - sale of space systems (18.7%); - sale of defense systems (16.6%). Net sales break down by source of income between sales of products (83.3%) and services (16.7%). 74.3% of sales are made in the United States. Ealry 2025, the number of employees exceeded 122,000 people¹.

This venture is the continuation of a 1955 marriage between the roots and wings of America. Bethesda is one of the principal guarantors of the execution of art.II Section 2.1 of the Constitution of 17 September 1789 as drafted¹ by Benjamin Franklin: " The President will be the Commander-in-Chief of the United States Army and Navy, and the State Militia when called upon to serve actively in the United States. He may require the opinion, in writing, of the principal official of each of the executive departments on any matter relating to the duties of his office. It will have the power to grant stays and pardons for crimes against the United States, except in cases of impeachment." In other words, the executive and judicial powers of the White House are based on Bethesda’s ability to write it own destiny. Failing to do so would empty the US Army and Navy of its substance and alter the balance of international relations. By taking an interest in Bethesda’s publicly accessible backrooms, and reading stories during 2020 outbreak, it is possible for investor to speculate on the value of stock for the future.

In the first place, medicine and public health policy have prejudices that are likely to inhibit Bethesda’s ability to achieve its forward-looking objectives and thus, the income from ownership of shares. Indeed, as evidenced by the listing of March 23, 2020, health measures created uncertainty which underpins Bethesda’s research, development and production ambitions. Nevertheless, in the prolegomena it has been demonstrated how the execution of the Constitution is subordinated to the success of its system of Defense here embodied by Bethesda and whose absence, would create an even greater disorder for the market ( April 21, 2021 CNBC Interview about UAC ) . Thus, it is a question of resolving two contradictory tensions in order to be able to distinguish in the future the different stages separating the stability of the market from these two extremities. In the US, defense engineering is an essential function during an outbreak whose containment cannot be hindered. But the notion of essential function is subject to interpretation for the investor. For the objectivists, there is an epidemic threshold below which the higher interest of the nation constitutes a greater imperative than that of contagion. This threshold is determined by the White House and the congress responsible for transcribing the will of the general expression. A speculative prediction from Thomas Hobbs' work¹ in Leviathan is a marker of stability for the defense market. For the subjectivists, morbidity prevails over general interest and determines what falsifies the Rule of law for a return to the State of nature described¹ by John Locke. In an administration facing popular mistrust, the establishment of martial law freezes the market to guarantee the integrity of the national territory. It is possible to deduce from all the foregoing that the weighting of Defence-related securities in the event of a health crisis is attentive to the point of contact between keeping as long as possible the return on the share and the maturity of resale at profit. However, immunology distills discriminating markers of tendency thanks to the biohazard scale that distinguishes between contagion and morbidity. In other words, the CDC decides between objectivist and subjectivist if the investor has sufficient reliable data in their possession. More specifically, public health measures caused by a CDC 1, 2, 3 or 4 are all indices that can guide the value of the actions of defense-related companies. Since the 2020 crisis was caused by a strain classified CDC2, it is possible to deduce the incentive of a corporate partly owned¹ by Vanguard and Blackrock. From this observation alone, some investors have fallen to the conclusion that it was necessary to buy shares during the unscrewing of March 23, 2021. Nevertheless, medicine is not the only field of observation available and the legal aspect should be addressed.

Secondly, decisions taken by the judge against legal persons may affect his results. As investors look to the future with acuity, they are keen to know the legacy antecedents in order to speculate on the advisability of holding securities. Thus, the analysis of the judicial factor enters into the refinement of the market weighting.
Since February 9, 1995, the public has had access to 2114 filings paid to the US SEC¹ by LM Corp, investment department not included. Despite Bethesda’s arming activities, the US SEC only traces a dozen filings¹ implicating it in OECD statements. Either for involuntary violations of human rights as in August 9, 2018¹², Mk-82 bomb against a school bus in the Middle East or in 2017¹, about autonomous lethal weapon. Or to ensure the reliability of mineral suppliers on December 31, 2019¹. Also, the company is at the origin of a legislative innovation¹ from OECD in 1997. In July 29 2021, SEC protect Bethesda shareholders by suing¹ Lupo broker-dealer with illicitly profiting from partial tender offer ( common stock of Lockheed Martin Corp ). Thus, the judge has a traceability to control the sustainability of financial operation, which works in the company’s favor. In its jurisprudential role, the highest court of justice in the United States may have been led to consider the activities of Bethesda. It was seized by several dozen dockets around unclassified activities, most of which end up as a petition denied. For exemple, Honeywell and L3 Technologies share¹²³ relation at different levels with the company. But in some docket¹² as well United States against Atlantic Research led to the policy decision of 11 August 2006 which advanced the legislation. Bethesda, General Motors and California water Agencies participated in a judicial innovation in the management of facilities decontamination costs by providing essential information. However, Bethesda’s laudable intentions were restrained¹²³ by errors of interpretation of law and anti-trust provisions. This temperament limits the group’s desire to acquire, forcing it to diversify its activities in order to increase its results, which is a risk-taking financed by debt ( Investment, Energy, logistics or even Sciences Services ). Also, Bethesda joint venture notably with Tata Group, Boeing, MBDA, Raytheon, General Motors and Rolls Royce. But bonds are covered by state contracts ( NASA, US Army, MTA¹ ) or even public debt. There is nothing in the unclassified legal framework to invalidate, in the epidemic framework considered, that the share is foreign to stability.

For these reasons,

Bethesda deserves upper confidence.

Former CEO